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Indogulf Cropsciences sold its shares successful nan value set of Rs 105-111 apiece, which could beryllium applied for a minimum of 135 shares and its multiples to raise Rs 200 crore betwixt June 26-30.
Shares of Indogulf Cropsciences made its Dalal Street debut arsenic nan agrochemical subordinate was listed astatine par connected some BSE and NSE, leaving investors disappointed connected its listing. The antagonistic kicked-off its maiden trading convention astatine Rs 111 apiece, which is nan rumor value for nan stock.
The listing of Indogulf Cropsciences has been beneath expected lines. Ahead of its listing, shares of Indogulf Cropsciences were commanding a grey marketplace premium (GMP) of Rs 18 per share, suggesting a listing popular of astir 16-17 per cent for nan investors.
The IPO of New Delhi-based Indogulf Cropsciences was unfastened for bidding betwixt June 26 and June 30, 2025. It had offered its shares successful nan value set of Rs 105-111 per stock pinch a batch size of 135 shares. The institution raised a full of Rs 200 crore from its IPO, which included a caller stock waste of Rs 160 crore and offer-for-sale (OFS) of 36.03 lakh shares.
The rumor was wide subscribed 25.98 times, attracting bids pinch much than 6.48 lakh applications . The information for qualified organization bidders (QIBs) was booked 33.26 times, while nan quota for non-institutional investors (NIIs) was subscribed 48.39 times. The allocations unit investors and labor were subscribed 14.78 times and 1.09 times, respectively.
Incorporated successful 1993, New Delhi-based Indogulf Cropsciences is engaged successful manufacturing harvest protection products, works nutrients, and biologicals successful India. It manufactures Spiromesifen method pinch 96.5 per cent purity successful 2019 and is 1 of nan first indigenous manufacturers of Pyrazosulfuron Ethyl method pinch 97 per cent purity successful India.
Analysts were mostly affirmative connected nan issue. Systematix Corporate Services is nan book-running lead head of nan Indogulf Cropsciences IPO, while Bigshare Services is nan registrar for nan issue. Allotment shall beryllium finalized by Tuesday, July 1 and shares of nan institution shall beryllium listed connected some NSE and BSE.
Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.
Published on: Jul 3, 2025 9:55 AM IST
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